Canada finance minister clears National Bank's deal for Laurentian retail, SME portfolios

(AWP Alliance News) - Canada's finance minister has cleared Fairstone Bank's planned purchase of all outstanding common shares of Laurentian Bank, advancing Laurentian's shift toward a more focused commercial-banking model. Closing remains tied to other conditions, including National Bank of Canada's separate acquisition of Laurentian's retail and small-business banking portfolios.

The parties are targeting completion by the end of 2026. Laurentian's day-to-day operations are expected to continue without immediate changes while the firms prepare customer transition plans.

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Disclaimer: This news brief was created using generative artificial intelligence. National Bank of Canada published the original content used to generate this news brief on June 26, 2026, and is solely responsible for the information contained therein.